Author: i2wtc

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Private investment firms of the ultra-rich dialed back their deal-making in March as President Donald Trump ‘s tariffs loomed large. Last month, single-family offices made 40 direct investments, a 45% plunge year-over-year, according to data provided exclusively to CNBC by Fintrx, a private wealth intelligence platform. Investments also dropped 22% month-to-month, accounting for February having three fewer days than March. There were a few…

Listen to article The United States has imposed reciprocal tariffs on different countries, including Pakistan to manage trade deficit and revive its manufacturing sector, seen by some as a threat to their exports, whereas some other look at it as an opportunity to boost their exports. Pakistan is one of those countries which do not deem the tariff war unleashed by US President Donald Trump as a threat rather takes it as an opportunity to enhance its exports of textile products to the world’s biggest market. Pakistan’s key export is garments and home textiles – around 70-80% of the country’s total exports…

Belgium international Kevin De Bruyne announces he will leave the Premier League champions.Manchester City midfielder Kevin De Bruyne has confirmed that he will leave the club at the end of the season. De Bruyne, 33, has won 14 major trophies since joining City from Wolfsburg in 2015, including six Premier League titles and the Champions League in 2023. “Nothing about this is easy to write, but as football players, we all know this day eventually comes. That day is here – and you deserve to hear it from me first,” De Bruyne said in a post on social media on…

Listen to article ISLAMABAD: Pakistan on Thursday decided to take a reconciliatory path against the United States trade war and would seek a review of its decision to impose 29% additional tariffs, as Washington was already charging higher trade-weighted average tariffs compared to Islamabad. Unlike many countries that decided to escalate trade war by importing counter tariffs, Pakistan’s government decided to secure a meeting with the US trade representative to explain its position, said the authorities. The Pakistan embassy in Washington would immediately seek a meeting with the US trade representative, according to a decision taken during a high-level meeting chaired by…

India’s opposition parties say they will challenge a recently passed bill that overhauls laws governing Muslim religious endowments in the country’s Supreme Court. The waqf amendment bill, hailed by Prime Minister Narendra Modi as a “major milestone for reform and transparency”, was passed by the parliament’s upper house early on Friday, a day after it was approved by the lower house. The amendments to a 1995 law governing Muslim endowments would add non-Muslims to boards that manage such properties and give the government a larger role in validating their land holdings. Waqf refers to personal property – moveable or immovable…

Fernando Gutierrez-Juarez | Picture Alliance | Getty ImagesBitcoin held its head above water after China retaliated against President Donald Trump’s tariffs, while stocks continued to crater following their worst day since 2020.The price of the flagship cryptocurrency was last higher by 1.7% at $83,396.89 on Friday, according to Coin Metrics. Most of the flagship cryptocurrencies were also in the green Friday.Crypto-related stocks fell again, however, with Coinbase down about 8%, MicroStrategy rose less than 1%. Meanwhile, spot gold fell 2.5% to $3,041.09 an ounce, while U.S. gold futures were down 1.79% at $3,063.50.Investors were rattled for a second day after…

The production line for the Boeing P-8 Poseidon maritime patrol aircraft is pictured at Boeing’s 737 factory in Renton, Washington, November 18, 2021.Jason Redmond | ReutersPresident Donald Trump’s sweeping tariffs are set to drive up the cost of Boeing and Airbus planes, GE Aerospace engines, and hundreds of other aerospace and defense products, threatening an industry that helps soften the U.S. trade deficit by more than $100 billion a year.”It certainly makes things more expensive for the industry,” Dak Hardwick, vice president of international affairs at the Aerospace Industries Association, which represents Boeing, GE Aerospace, Airbus and dozens of other…

* Moon Hyung-bae, acting chief of the Constitutional Court, announced the unanimous ruling by all eight justices, which recognized that Yoon “violated the Constitution and laws by mobilizing military and police forces to obstruct the exercise of legislative authority.”* The Chosun Ilbo newspaper observed that ideological conflicts, rather than regional or economic disparities, have become a major obstacle to South Korea’s social unity.* After Yoon’s removal from office, South Korea must hold an early presidential election within 60 days. Currently, the leading candidate is Lee Jae-myung from the opposition Democratic Party of Korea, though uncertainty remains.Yoon Suk-yeol attends a hearing…

Listen to article QUETTA: The Balochistan National Party-Mengal (BNP-M) has continued its long march for the seventh consecutive day in the Lak Pass area of Mastung, with party chief Sardar Akhtar Jan Mengal leading the demonstration. The protest aims to demand the release of Mahrang Baloch, the chairperson of the Committee for Missing Persons, along with several other political workers who have allegedly been subjected to enforced disappearances. Leaders from various political parties, including Pakistan Tehreek-e-Insaf (PTI) central leader Salman Akram Raja and senior politician Sardar Latif Khosa, have joined the sit-in to express solidarity with BNP-M’s cause. They condemned the alleged…

Palestinians have long been the world’s forgotten people. The dreadful deprivations, starvation, trauma, forced marches, massacres, and countless other outrages they have endured for generation after generation no longer provoke shock or much fury among the so-called “international community” – just resignation and shrugs. So, it is hardly surprising that, rather than being hauled in shackles before the dock where he surely belongs, the accused war criminal responsible lately for every foul ounce of that premeditated suffering and grief, Benjamin Netanyahu, is being welcomed these days with handshakes and honour guards by prime ministers of Greece and Hungary as a…